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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (12367)12/3/1998 12:51:00 PM
From: E_K_S  Read Replies (1) of 64865
 
The storage business is doing quite well...This news just out from briefing.com

"...11:43 ET Storage Technology Corp. (STK) 38 15/16 +2 5/8: Stock higher on market rumors that either Dell Computer (DELL 66 13/16 +5/8) or Hewlett-Packard (HWP 63 11/16 +5/16) may be interested in acquiring this information storage and network product solutions provider in order to keep it out of the hands of IBM (IBM)..."

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If you recall, Sunw made a significant investment in their storage business 18 months ago. They paid over $185 million for Encore computing storage division.

Revenues from Sunw's storage division will contribute significantly to the next several quarter's earnings. Another intelligent investment by our management with excellent long term returns.

EKS
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